Blocktoq

    Will Bitcoin protect your savings from inflation?

    18 November 2021

    How to create nft art?

    12 November 2021

    USA – the top destination for bitcoin miners. Why China gave away the title?

    11 November 2021
    Facebook Twitter Instagram
    Facebook Twitter Instagram
    Blocktoq
    • Crypto News
    • Explained
    • Reviews
    • After Hours
    • Market Tools
    • Igaming
    • English
      • Polish
      • Russian
    0 Shopping Cart
    Blocktoq
    Blocktoq»Crypto News»Tokenization legal in Poland? President signs the first bill
    Crypto News

    Tokenization legal in Poland? President signs the first bill

    Blocktoq TeamBy Blocktoq Team5 August 2019Updated:12 March 2021No Comments4 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
    токенизация легальна в Польше|лукаш кишук клаудия войташек trycodnet
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Last Friday, President of Poland Andrzej Duda signed a new bill, introducing a new project called Simple Joint Stock Company (Prosta Spółka Akcyjna, or PSA, for short) to Poland. With PSA, young entrepreneurs and start-ups will have to jump through fewer hurdles to gather the necessary money.

    “For young entrepreneurs”

    Also attending the PSA bill signing was the Minister of Entrepreneurship and Technology, Jadwiga Emilewicz, who emphasized how simple the project is for newcomers. Without long queues, with online registrations in 24h, without the need for a starting capital (save for 1 PLN), new partnerships can start working immediately, and if any problems arise – the liquidity process was also simplified.

    As mentioned by the President:
    “It’s for young entrepreneurs for whom this new form of Simple Share Partnership was created – something which wasn’t available in Poland before.”

    Advantages of the Simple Joint Stock Company project

    As published on the site of the Minister of Entrepreneurship and Technology:

    “Basic advantages of the new company project are:

    • fast online registration (24h when using the form, with a possibility of registering using the “traditional” method),
    • easier disposal of company funds – lack of “frozen” share capital, but with the simultaneous obligation to take care of the company’s solvency and other measures that ensure protection of the company’s creditors,
    • no status of a public company and related restrictive obligations – PSA shares will not be listed on the stock exchange,
    • a simplified online register of shareholders, run by, for example, an investment firm or a notary – we allow the use of blockchain to keep this register open to the latest technologies,
    • extensive use of online communication in making resolutions, holding shareholders’ meetings.
    • lack of complex organizational requirements – one-person board is enough, there is no obligation to create a supervisory board.

    The liquidation of the PSA will also be simplified – the time needed to carry out the liquidation has been shortened in relation to other companies, and in addition it will be possible to dissolve the company without liquidation – by taking over its assets and liabilities by the shareholder.”

    Blockchain in Poland!

    People interested in new technology took special notice of the fourth point:

    “we allow the use of blockchain to keep this register open to the latest technologies”

    It’s a clear signal that Poland is ready for decentralized solutions. While currently only online registries are mentioned as using blockchain, industry professionals speculate that this might be the first step towards the tokenization of company shares. As mentioned by Prawo Kryptowalut portal:

    “The wording of the provision clearly indicates the possibility of using blockchain technology in this field, which in practice may mean the admissibility of tokenization of shares.”
    -Aleksandra Kopeć, Lawyer in the Capital Market Law Department

    Polish company treads new ground

    It’s worth mentioning that before the bill was even signed, Poland already had a first-of-its-kind company that was dealing with blockchain technology – Trycod.net – which not only offered solutions based on blockchain, but also help with tokenization of interested companies, preparing for ICO/STO, from webdesign, through whitepaper, and on marketing and customer support ending.

    “Our software house has been dealing with tokenization of entities and companies that have had to register their activities outside of Poland for about 2 years. The PSA Act will open up huge potential, opportunities to raise capital on the Polish market, but also attract investors from outside the European Union from regions such as the USA or Asia.”
    -Łukasz Kiszuk, CEO of Trycod.net

     
     

    As you can see, the future of startups and blockchain in Poland seems rather bright. Now we just have to wait for young entrepreneurs willing to try the new Act, and cross our fingers for more government support. Please tell us what you think about this and if you plan on trying the new Simple Joint Stock Company Act yourself!

    blockchain entrepreneur blockchain in poland blockchain poland crypto entrepreneur cryptocurrency in poland
    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
    Previous ArticleRipple сотрудничает с университетами Японии!
    Next Article Apple Card will block all cryptocurrency transactions
    Blocktoq Team
    • Website

    Start with crypto today

    Leave A Reply Cancel Reply

    Search

    Will Bitcoin protect your savings from inflation?

    By Blocktoq Team18 November 20210

    Recently, a record increase in inflation has been recorded – both in Poland and in the USA. In Poland, inflation is close to 7%, in the USA it is 6.2%.

    How to create nft art?

    12 November 2021

    USA – the top destination for bitcoin miners. Why China gave away the title?

    11 November 2021

    Solana, the man(ETH)er

    3 November 2021

    Address: Blocktoq LTD, Kemp House 160 City Road, EC1V 2NX, London
    Email: [email protected]

    Facebook Twitter Instagram
    About us
    • Who we are
    • Submit press release
    • Advertise
    • Privacy Policy
    • Contact us
    • Shop
    • Cart
    Categories
    • After Hours
    • Crypto News
    • Crypto Projects
    • Explained
    • Finance
    • Igaming
    • Market Tools
    • Press Releases
    • Reviews
    Design by Blocktoq - Let's talk about Crypto! © 2022 Blocktoq All Right Reserved

    Type above and press Enter to search. Press Esc to cancel.